Tompkins Financial Corporation Announces Stock Repurchase Program
21 Julho 2023 - 10:00AM
Business Wire
Tompkins Financial Corporation (NYSE American:TMP)
Tompkins Financial Corporation announced today that its Board of
Directors has authorized a new stock repurchase program of up to
400,000 shares of the Company's outstanding common stock, par value
$0.10 per share. This program replaces the Company's existing
400,000 share repurchase program announced on October 22, 2021.
The new stock repurchase program is expected to be completed
over the next 24 months. The shares may be repurchased from time to
time in open market transactions at prevailing market prices, in
privately negotiated transactions, or by other means in accordance
with federal securities laws. The actual timing, number and value
of shares repurchased under the program will be determined by
management at its discretion in connection with its overall capital
management strategies and will depend on a number of factors,
including the market price of the Company's stock, general market
and economic conditions, interest rates, financial forecasts, other
strategic uses of capital, and applicable legal requirements. The
Company has no obligation to repurchase any shares and may
discontinue repurchases at any time.
About Tompkins Financial Corporation Tompkins Financial
Corporation is a banking and financial services company serving the
Central, Western, and Hudson Valley regions of New York and the
Southeastern region of Pennsylvania. Headquartered in Ithaca, NY,
Tompkins Financial is parent to Tompkins Community Bank, Tompkins
Insurance Agencies, Inc., and offers wealth management services
through Tompkins Financial Advisors. For more information on
Tompkins Financial, visit www.tompkinsfinancial.com.
"Safe Harbor" Statement under the Private Securities
Litigation Reform Act of 1995: This press release contains
“forward-looking statements” within the meaning of the Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by use of such words as “may”, “will”,
“estimate”, “intend”, “continue”, “believe”, “expect”, “plan”, or
“anticipate”, the negative and other variations of these terms and
other similar words. This press release includes forward‑looking
statements with respect to corporate plans and objectives. The
Company assumes no duty, and specifically disclaims any obligation,
to update forward‑looking statements, and cautions that these
statements are subject to numerous assumptions, risks, and
uncertainties, all of which could change over time. Actual results
could differ materially from forward‑looking statements.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20230721635834/en/
Stephen S. Romaine, President & CEO Francis M. Fetsko,
Executive VP, CFO & COO Tompkins Financial Corporation (888)
503-5753
Tompkins Financial (AMEX:TMP)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
Tompkins Financial (AMEX:TMP)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024